BRISTOL-MYERS SQUIBB CO.

619.30 USD (-2.84%)

03/28/2025 - 23:20 Open 15 min delayed data - NYSE Stocks

Open:	637.38
Change:	-18.11
Volume:	16,544

Low:	615.48
High:	638.98
High / Low range:	23.50

Type:	Stocks
Ticker:	BMY
ISIN:

BRISTOL-MYERS SQUIBB CO. - Daily - Technical analysis published on 11/11/2024 (GMT)

125
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11/11/2024 - 15:35
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Londinia

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Timeframe : Daily
- Analysis generated on 11/11/2024 - 15:35
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 59.63 USD

My targets

62.79 USD (+3.62%)

66.94 USD (+10.46%)

My analysis

The bullish trend is currently very strong on BRISTOL-MYERS SQUIBB CO.. As long as the price remains above the support at 59.63 USD, you could try to benefit from the boom. The first bullish objective is located at 62.79 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 66.94 USD as an objective. Crossing it would then enable buyers to target 75.94 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BRISTOL-MYERS SQUIBB CO. rating is 60.60 USD. On the day, this instrument gained +11.93% and was traded between 59.53 USD and 61.08 USD over the period. The price is currently at +1.80% from its lowest and -0.79% from its highest.

59.53

61.08

60.60

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BRISTOL-MYERS SQUIBB CO. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	49.89	52.46	59.63	60.60	66.94	75.94
Change (%)	-17.67%	-13.43%	-1.60%	-	+10.46%	+25.31%
Change	-10.71	-8.14	-0.97	-	+6.34	+15.34
Level	Intermediate	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.00	53.49	53.81	54.30	54.62	55.11	55.43
Camarilla	53.92	53.99	54.07	54.14	54.21	54.29	54.36
Woodie	52.93	53.45	53.74	54.26	54.55	55.07	55.36
Fibonacci	53.49	53.80	53.99	54.30	54.61	54.80	55.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.31	52.14	53.14	54.97	55.97	57.80	58.80
Camarilla	53.36	53.62	53.88	54.14	54.40	54.66	54.92
Woodie	49.90	51.93	52.73	54.76	55.56	57.59	58.39
Fibonacci	52.14	53.22	53.89	54.97	56.05	56.72	57.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.31	49.18	52.47	54.34	57.63	59.50	62.79
Camarilla	54.35	54.82	55.30	55.77	56.24	56.72	57.19
Woodie	48.03	49.54	53.19	54.70	58.35	59.86	63.51
Fibonacci	49.18	51.15	52.37	54.34	56.31	57.53	59.50

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	54.95
MACD (12,26,9):	0.9500
Directional Movement:	11.93
AROON (14):	50.00
DEMA (21):	54.96
Parabolic SAR (0,02-0,02-0,2):	52.37
Elder Ray (13):	0.21
Super Trend (3,10):	51.84
Zig ZAG (10):	54.14
VORTEX (21):	1.0300
Stochastique (14,3,5):	58.12
TEMA (21):	54.98
Williams %R (14):	-53.31
Chande Momentum Oscillator (20):	1.08
Repulse (5,40,3):	-2.4300
ROCnROLL:	-1
TRIX (15,9):	0.2700
Courbe Coppock:	11.91

MA7:	55.82
MA20:	53.57
MA50:	51.60
MA100:	48.00
MAexp7:	56.19
MAexp20:	53.69
MAexp50:	51.75
MAexp100:	49.58
Price / MA7:	+8.56%
Price / MA20:	+13.12%
Price / MA50:	+17.44%
Price / MA100:	+26.25%
Price / MAexp7:	+7.85%
Price / MAexp20:	+12.87%
Price / MAexp50:	+17.10%
Price / MAexp100:	+22.23%

Quotes : 11/11/2024 - 15:19 - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on BRISTOL-MYERS SQUIBB CO. at the time of the analysis were as follows:

07/25/2024 - 09:45 Bristol Myers Squibb Promotes Health Equity with 100 Percent of Marketed Products Now Supported by Access Plans
07/22/2024 - 09:45 Bristol Myers Squibb's Commitment to Environment, Social and Governance: Our Progress & Aspirational Goals
07/18/2024 - 09:15 Bristol Myers Squibb Reaches Major Milestone in Environmental Sustainability
06/28/2024 - 15:40 Bristol Myers Squibb Named to Dow Jones Sustainability Index North America
05/28/2024 - 10:15 ASPIRE: Our Commitment To Address Health Inequities in Low- and Middle-Income Countries

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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